-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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The “powerful” police union statement is a joke. The FOP in Chicago Carrie’s about as much weight as a feather. Does anybody really think that an FOP endorsement of a Republican candidate means anything? Well, it doesn’t. Lightfoot hates the FOP, hates it’s current president and mostly doesn’t care for cops in general except the 100+ that guard her and her home. Using the term Powerful Union is this article is a joke.
That Garcia would call DeSantis, a “danger” to Illinois show’s what a childlike, unserious man Garcia is. Sad.
he’s truthful, get him out of here !
Great article. “Almost as if a serial killer was coming to town”? Hilarious- instant classic.